The world is facing a financial crisis, including the inflation of the US dollar, and Myanmar needs to prepare, according to Abdoulaye Seck, World Bank country manager.

In response to a question asked by the Daily Eleven, Abdoulaye Seck said: “You can’t only look at Myanmar. We are working together with our partners. Overall, the world may face a financial crisis. Myanmar may face this whether it is a domestic or an international effect.

It has been reported that a 743kg copper statue of General Aung San will be erected by Martyrs’ Day on July 19 in Kyaukpadaung Township, Mandalay.

“The statue will arrive in Kyaukpadaung on July 10 from Mandalay. This is the result of the effort of patriots for the celebration of Martyrs’ Day. It is 9 feet, 7 inches tall,” said Thet Hlaing from the organising committee, which included political parties, humanitarian groups and monks.

The statue will be taken around the town for two days before being erected at the Sa Khan Thar garden.

Regions and states should discuss with the union government on Schedule 5 of the 2008 Constitution as clarity in tax collection would lead to national unity and benefits to the public, said military MP Brig-Gen Maung Maung.

The schedule contains the list of items upon which regions and states can collect taxes, determined to empower regions and states to collect taxes to finance local development projects.

Nay Pyi Taw – MP Aung Thaung from the ruling Union Solidarity and Development Party has been flown to Singapore with a cerebral haemorrhage, sparking numerous barbed remarks on social media about the poor state of the nation's top hospitals.

The MP was taken to a 1,000-bed Nay Pyi Taw hospital after fainting at his home in the capital on Wednesday.

He has been transferred to Singapore on Thursday for further treatment.

If hydropower dams are built along the Thanlyin or Salween river, it will increase the possibility of earthquakes and if one broke, others downstream could give away, warns seismologist Saw Moe Myint.

The so-called Kyaukkyan fault lies underneath the upper part of the Thanlyin and the dams would mean large bodies of water pushed on the fault and maybe penetrate the rocks. Water would act as a lubricant for earthquakes, said the expert.